Page 22 - Federal Reserve

Inflation targeting

It should be followed and communicated properly

Sensex, Nifty end flat in choppy session; metals, auto, IT packs slip most

Stock market LIVE updates: The broader markets suffered more losses than the frontline indices. The BSE MidCap and SmallCap indices shed 0.5 and 0.7 per cent, respectively.

US economy contracts 1.6% in first quarter amid record trade deficit

The US economy grew at a robust 6.9% pace in the fourth quarter

Sharp rate hike bets keep Wall Street subdued, Goldman Sachs lifts Dow

US economy contracted in Q1 amid record trade deficit; BofA upgrades Goldman Sachs, shares rise; General Mills rises as sales beat on higher prices; Bed Bath & Beyond replaces CEO, shares tumble

Crypto winter: Why this bitcoin bear market is different from the past

Crypto loans - particularly those in decentralized-finance apps that dispense with intermediaries like banks - often require borrowers to put up more collateral than the loan is worth

Oil prices weaken on hawkish Fed rhetoric, concerns about demand

US Federal Reserve chief Jerome Powell said the central bank was focused on fighting inflation and that the labor market was unsustainably strong

Unknown unknowns

Risk of a global shock will increase with higher rates

Managing currency risks

Adjustment in the rupee exchange rate should not be delayed

Inflation: Looking beyond forecasts

It may be worthwhile to pay attention to what the markets are telling us, as they did during the pandemic, rather than rely on consensus forecasts

Fed Guv Waller backs another big rate hike for 'all in' inflation fight

Federal Reserve Guv Christopher Waller became the latest US central banker to pledge a whatever-it-takes approach to fighting inflation, three days after the Fed raised interest rates by 75 bps

Distress signals: US junk bond spreads top 500 bps, a first since 2020

Junk spreads have surged 100 basis points the past two weeks as the Federal Reserve's efforts to tame inflation fuel concerns that the central bank will push the economy into a recession

Average US mortgage rates show biggest single week jump in 35 years

Average long-term US mortgage rates had their biggest one-week jump in 35 years with the Federal Reserve this week raising its key rate by three-quarters of a point in bid to tame high inflation. Mortgage buyer Freddie Mac reported on Thursday that the 30-year rate climbed from 5.23 per cent last week to 5.78 per cent this week, the highest its been since November of 2008 during the housing crisis. Wednesday's rate hike by the Fed was its biggest in a single action since 1994. The brisk jump in rates, along with a sharp increase in home prices, has been pushing potential homebuyers out of the market. Mortgage applications are down more than 15 per cent from last year and refinancings are down more than 70 per cent, according to the Mortgage Bankers Association. Those figures are likely to worsen with more Fed rate increases a near certainty. The Fed's unusually large rate hike came after data released last week showed US inflation rose last month to a four-decade high of 8.6 per

World's central banks got it wrong on inflation and economies pay the price

ECB President Christine Lagarde has lately also turned more hawkish than she previously indicated, and the Reserve Bank of Australia is among those raising rates faster than policy makers had signaled

Wall Street slips heading into Fed's big rate decision; FedEx, Oracle rise

FedEx jumps after lifting quarterly dividend by more than 50%; Oracle rises as sales, profit top estimates on cloud boom; Continental Resources jumps on buyout proposal from founder

OPEC delegates see global oil demand growth slowing in 2023: Report

High crude prices have eaten into growth projections for 2022 and fed into expectations for slower growth in 2023.

Japanese yen jumps after govt, central bank sound intervention warning

Japan's yen has been battered by traders wagering that BOJ will stick with its ultra-accommodative policy stance just as the Fed and other central banks accelerate their tightening to tame inflation

A coming crypto storm for central banks? Focus on digital money intensifies

Fed is debating whether to develop a digital currency, as are most central banks around the world. A decision has not been made, and officials say it would take congressional approval to move forward

Growth stocks lead Wall St higher in choppy trade; eyes on jobs report

Microsoft down after trimming forecast due to FX impact; consumer discretionary and materials were the top gainers, up 1.9% and 2.1%, respectively

Gold set for monthly loss as US Treasury yields, dollar strengthen

The U.S. dollar strengthened following hawkish comments by a senior Federal Reserve official causing gold to retreat, Ricardo Evangelista, senior analyst at ActivTrades said in a note.

'Most' Fed officials saw 50 bps rate hikes in June and July, show minutes

The 50-basis-point rate increase this month was the first of that size in more than 20 years, and has set the Fed on course for a quick tightening of monetary policy